BlackRock Expands Presence in Dubai 

BlackRock Inc., the world’s largest asset management firm, intends to pay more attention to the Middle East by building its research capability and relocating a senior strategist to Dubai.

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BlackRock has appointed Ben Powell as head of strategy for the Middle East and Asia Pacific within its BlackRock Investment Institute.

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It will also turn out to be an important platform for BlackRock with respect to strengthening its research capabilities by providing portfolio managers and clients.

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He underlined the dynamic and promising investment landscape in the Middle East, powered by a large, young, fast-growing population, an innovative, dynamic financial market, and new funds emerging.

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The firm had been pushing to build up operations, including stationing a dedicated investments team in Riyadh following huge inflows of investment from the Saudi Arabian state wealth fund.

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Going forward, BlackRock is best positioned in the Middle East for the capture of evolving market dynamics and emerging opportunities.

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